Kansas City Southern Takeover Complete

Kansas City Southern ($KSU@US) said Monday it plans to a $27.2 billion cash-and-stock acquisition offer from Canadian Pacific Railway ($CP@Canada). Previously, Canadian National Railway ($CNI@Canada) was planning to buy out KC Southern for nearly $30 billion. The Canadian Pacific offer is seen as superior because it will not face intense scrutiny from the Surface Transportation Board. Moreover, Canadian National Railway will experience a shakeup due to its failed—and expensive—bids to purchase Kansas City Southern as TCI Fund Management intends to replace half of the Canadian National board.